State Farm has committed a new $2 million, one-year grant to support affordable housing, small business, income and wealth building, and healthy food access. With the new grant, State Farm’s support for LISC now totals $155 million since 2000! We celebrate this renewed commitment by reflecting on our impact together over more than two decades.
LISC announced a $2 million, one-year grant from State Farm to support financial stability, commercial revitalization, and affordable housing in underinvested neighborhoods across the U.S. The new funding continues a partnership that began more than 20 years ago.
This guide from LISC’s Economic Development team provides helpful tips on developing a storefront improvement program for place-based economic development. It includes local examples from LISC offices in Indianapolis, New York City and Virginia.
State Farm is building on more than two decades of support for critical LISC programs with new funding to catalyze opportunities for families and communities in 12 metro areas.
As part of its 20-year partnership with LISC, State Farm has committed a new $4 million grant to help expand employment, revitalize commercial corridors, promote health and enhance community safety in 12 cities over the next two years. In addition, State Farm has set up a $10 million loan pool with LISC to assist small businesses and community nonprofits in Central Illinois and Chicago hit hard by Covid-19.
Winter may be hanging on longer than expected (in some parts of the country), but at LISC, the month of March has blossomed like never before. In the last three weeks, we raised $68 million—from longstanding donors such as State Farm and Wells Fargo, through new partnerships with ProMedica, Union Pacific and the San Francisco Foundation, and with expanded public resources from the CDFI Fund and the city of Washington, DC. We’ll invest it. We’ll leverage it. We’ll use it to lift up underinvested neighborhoods and develop the skills of talented people in our neighborhoods. There’s still much to do to foster economic opportunity in our communities and we are grateful for this support, which helps us do the job. What a month it’s been. And we've still got a week to go!
LISC and State Farm expanded their long-time partnership this week with new funding to boost economic opportunities in 11 cities. "Millions of people are looking for opportunities to earn higher wages and build stronger futures for their families,” said Maurice Jones, LISC president and CEO. "Our partnership with State Farm is vital to advancing this important work.”
State Farm has announced a new $4 million grant to extend the reach of LISC Financial Opportunity Centers around the country and strengthen commercial corridors in low-income areas. “This is a partnership that changes lives and over time is helping shift the outlook for whole neighborhoods,” commented Michael Rubinger, LISC president and CEO. Since 2000, LISC and State Farm have worked together to support comprehensive programs to build stronger communities.